India, Dec. 3 -- India and Russia remain extremely close and reliable partners on the economic and defence fronts. In FY 2024-25, bilateral trade reached a record US $68.7 billion, with India importing nearly US $63.8 billion worth of goods from Russia. Following the outbreak of the Russia-Ukraine conflict, Russia steadily emerged as India's largest crude-oil supplier, accounting for more than one-third of India's total crude imports in 2025. Russia has also become India's top fertiliser supplier, with fertiliser imports rising by nearly 370 per cent over the past two years.

India's exports to Russia, although modest at around USD 5 billion, include pharmaceuticals, tea, engineering goods, marine products, textiles, and organic chemicals...